MrThickRopes
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Simple English definitions for legal terms
after-acquired-title clause
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A quick definition of after-acquired-title clause:
An after-acquired-title clause is a part of an oil-and-gas lease that says the lease will cover any interest in the property that the person leasing it may get after they sign the lease. This means that if they get more ownership of the property later, the lease will still apply to it. The after-acquired-title doctrine is a rule that says if someone sells property to another person, but they didn't actually own it yet, the buyer still gets the title to the property when the seller does finally get it. Afterborn child and afterborn heir are terms that refer to a child or heir that is born or comes into existence after a certain event, like the death of a parent. Aftercare is a term used in the juvenile justice system to describe the support and supervision given to a young person after they are released from custody. After cost refers to the expenses incurred after a certain event, like the cost of repairing a car after an accident. Aftermarket refers to the market for products that are sold after the original manufacturer has sold them, like car parts or accessories. After the fact means something happened after an event that is important in the eyes of the law, like someone helping a criminal after they committed a crime.
A more thorough explanation:
An after-acquired-title clause is a provision in an oil-and-gas lease that extends the lease's coverage to include any interest in the property that the lessor may obtain after the lease is signed. For example, a common formulation is “This lease covers all the interest now owned by or hereafter vested in the lessor ....”
The after-acquired-title doctrine is the principle that title to property automatically vests in a person who bought the property from a seller who acquired title only after purporting to sell the property to the buyer. For instance, if a person sells a house to someone else but doesn't actually own the house yet, the buyer will still get the title to the house when the seller acquires it.
An afterborn child refers to a child who is born after a particular event, such as the death of a parent.
An afterborn heir is a person who is born after a will is made but is still entitled to inherit from the deceased person's estate.
Aftercare refers to the support and supervision provided to a juvenile who has been released from a correctional facility. For example, a juvenile parole program may provide aftercare services to help the juvenile reintegrate into society and avoid reoffending.
After cost refers to the total cost of a project or investment after all expenses have been incurred. For example, if a company invests in a new factory, the after cost would include the cost of construction, equipment, and any other expenses related to the project.
The aftermarket refers to the secondary market for goods or services, such as replacement parts for a car. For example, if a person needs to replace a broken headlight on their car, they may purchase a replacement headlight from an aftermarket supplier instead of buying one from the original manufacturer.
After the fact refers to something that happens subsequent to an event of legal significance. For example, an accessory after the fact is a person who helps someone else avoid arrest or prosecution for a crime that has already been committed.